Summary of Toridoll’s Fluidstrategy for Introducing Towels to Hong Kong
Theobody Holding Incorporation, a Japanese restaurant empire dominated by the billionaire and former chairman, plans tonratiproduce its Hong Kong noodle chain, Tam Jai International, for an offer to investors. The total value of the offer is 548 million Hong Kong dollars, and it targets approximately 26% of Tam Jai’s stock. This move reflects Toridoll’s growing need to diversify its revenue streams and enhance its strategic goals in the Hong Kong market. The premium offered, standing at 75.6% above Tam Jai’s closing price on February 3, is seen as a key step in their broader plan to stabilize and grow the chain. Tam Jai’s shares have experienced significant gains, assisting in reducing the premium to 7.5% before the offering stroke. This strategy underscores Toridoll’s bold and strategic approach to diversification and growth, aiming to expand into emerging markets.
Toridoll’s Road to Expansion and Growth
The national franchise chain, which already operates over 2,000 stores across multiple countries, has solidified its position in Hong Kong as one of the world’s leading noodle chains by sales. With a 74% presence in Hong Kong and over 2,000 shops in the global market, including theQtls Maya district, Tam Jai International is a key driver of the country’s food and beverage industry. As of September, the company has faced a 56% drop in net profit, driven by outflow of Hong Kong residents to neighboring cities, particularly mainland China and Australia. In an interview with Forbes Asia, Toridoll’s CEO emphasized that Hong Kong’s success is a key fuel for their expansion into Southeast Asia, with a partnership recently made with Hextar Retail Berhad, a Malaysia-based Ra Behold company, to further扩大 operations in that region. By equipping itself with a broader reach and financial stability, Toridoll is poised to take on more significant shareholdings in the江ionic Tam Jai International, driving long-term growth and profitability.
